Skip to product information
1 of 4

1850-O $20 AU53 NGC

1850-O $20 AU53 NGC

NGC

Regular price $0.00
Regular price Sale price $0.00
Sale SOLD
Free Shipping

The 1850 New Orleans Double Eagle gold coin is the inaugural issue for the New Orleans Mint. Most of the gold deposited into the mint this year came from California. Out of a mintage of 141,000, only 626 are estimated to survive today. This percentage of survival estimate is 0.44%. New Orleans mint-marked Double Eagles are the scarcest of the five mints included in the series. Notwithstanding the number of resubmissions, there are only 20 finer at PCGS and 96 finer at NGC. This is an exceptionally low number for a Double Eagle especially from an AU53, highlighting the rarity. This historically significant Double Eagle in properly graded Almost Uncirculated condition is scarce and exceptionally rare in Mint State.

We are confident that the current specimen stands out for several reasons. Firstly, it is rare to encounter an 1850 O Double Eagle with any remaining mint luster, yet this example retains some around the devices and protected areas. Secondly, while most examples exhibit deep detracting abrasions, this shows only honest wear for the grade, without any notable issues. Additionally, few of these coins retain any remaining natural coloration, but this example boasts a pleasing greenish-gold hue. You might come across another, but we believe finding one to match the quality of this example at its grade level and price point would be challenging.

In AU58, this coin commands a price nearing $50,000. The most recent NGC sale was $10,200 05/23 HA, although it showed signs of a prior cleaning. A better example fetched $11,400 01/23 HA. A CAC AU53 would bring nearly double that, exceeding $20,000. Given the exceptional quality of this specimen, we believe it deserves a place in a Double Eagle set, as a type coin, or as part of a Southern Gold special set. The robust price guide number reflects the strong demand for this coin.

NGC Cert Verification #6891043-008/53

• PCGS Price Guide - $18,500
• PCGS POP - 37/20
• NGC Price Guide - $14,750
• NGC POP - 82/90
• PCGS Coin# - 8903

Paradime Coins collects Sales Tax when applicable. Please read our Policy tab for more information.

View full details